2.10 Provisions:
A provision is recognized when there exists a present obligation as a result of past events and it is probable that an
outflow of resources embodying economic benefits will be required to settle the obligation, and a reliable estimate can
be made of the amount of the obligation. Provisions are not discounted to present value and are determined based on
best estimates required to settle the obligation at the reporting date. These estimates are reviewed at each reporting date
and adjusted to reflect the current best estimates.
2.11 Contingent Liabilities
A contingent liability is a possible obligation that arises from past events whose existence will be confirmed only by the
occurrence or non-occurrence of one or more uncertain future events beyond the control of the Company or a present
obligation that is not recognized because it is not probable that an outflow of resources will be required to settle the
obligation. A contingent liability also arises in extremely rare cases where there is a liability that cannot be recognized
because it cannot be measured reliably; the Company does not recognize a contingent liability but discloses its existence
in the financial statements.
2.12 Cash and Cash equivalent:
Cash and cash equivalents for the purposes of cash flow statement comprise cash at bank and in hand and short-term
deposits with banks with an original maturity of three months or less.
1. The Company is primarily engaged in the business of Software Development/IT which is single
segment as per Accounting Standard (AS) 17 issued by the institute of Chartered Accountants of India.
2. With effect from 1st April, 2021, the Company has adopted IND AS (Indian Accounting Standards)
prescribed under Section 133 of the Companies Act, 2013 read with relevant rules issued thereunder.
3. The above results have been reviewed by the Audit Committee of the Board and approved by the
Board of Directors at the respective meeting held on 27.05.2025. The Statutory Auditor of the Company
have carried out Audit of the results of the quarter and year ended March 31,2025. The IND AS
complaint Financial Results pertaining to quarter ended March 31, 2025 has not been subjected to
Limited Review. However, the management has exercised necessary due diligence to ensure that
financial results provide a true and fair view of its affairs.
4. Previous Periods/Year Figures have been reclassified/regrouped wherever necessary in order to make
them comparable.
For M J R A & ASSOCIATES Sd/- Sd/-
Chartered Accountants Servesh Gupta Ashima Gupta
Firm Reg. No 013850N Managing Director Director
DIN: 01451093 DIN: 07795866
Sd/-
(CA MUKESH KUMAR GROVER)
Partner Sd/- Sd/-
M.no: 093304 Rolly Tiwari Manish Kumar
Company Secretary & Chief financial
Place: New Delhi Compliance Officer officer
Date: 27.05.2025 BEWPT5306P AOGPK1199G
UDIN: 25093304BMKPT8976
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